Exports exceeded $ 5,300 million in May, despite falling prices

Soybean and maize bean sales contributed in large part to the rise in primary commodity exports (+ 61%); while bean shipments tripled (US $ 400 million) with purchases of China, Egypt and Saudi Arabia, maize prices increased 88% ($ 310 million) as a result of higher sales at Vietnam and Koreasays the report.

At the same time, crude oil exports increased 75%, while exports to the United States increased. In addition, fuel oil sales increased by $ 14 million and natural gas sales increased by $ 11 million due to higher purchases in the United Arab Emirates and Chile, respectively.

Similarly, exports of industrial goods increased by 3%, but did not offset the 4% drop in prices. Despite this, sales of iron and steel (+ 40.5%), machinery and electrical equipment (+ 13%) and biodiesel (+ 12%) increased.

"Argentina has a great export energy, which we encourage with all the progress made in recent years to improve the competitiveness of enterprises abroad: infrastructure improvement, reduced logistics costs, opening up markets, reducing bureaucracy, reducing taxes, new programs and support tools "said Alejandro Wagner, director general of international trade of the Argentine Agency for Investment and International Trade.

He added that with the agreement between Mercosur and the European Union, a new stage begins. "The country's export drive is renewed, creating opportunities for hundreds of Argentine companies that will now have preferential access to a market of more than 800 million inhabitants," he said. he declared.

Highlights of May:

Exports of ores and silver concentrates quadrupled ($ 43 million) due to increased shipments to Germany.

Barley sales increased 123% ($ 32 million), mainly due to higher purchases from Iran.

Avian meat exports have almost doubled (US $ 16 million) thanks to increased purchases from China.

Soybean meal and pellet sales were down 14% (114 million USD) due to lower shipments to Turkey, Indonesia and Italy.

Gold shipments decreased by 23% (52 million USD), while those of automobiles fell to 27% (46 million USD) due to lower purchases from Brazil.

Highlights from January to May 2019:

The most dynamic exports were cereals: corn sales rose 31.5% (571 million USD), wheat sales 13% (176 million USD), barley sales 24, 5% $ 92 million) and rice 19% ($ 13 million).

Sales of ore and silver concentrates increased 71% ($ 48 million), driven by higher purchases in Belgium and Germany. Shipments of frozen beef increased 57% ($ 238 million).

Fats exports increased 14% ($ 236 million): Soybean oil sales increased 14% ($ 165 million), Sunflower oil sales increased 54% ($ 100 million) ) and peanut oil exports made it to 60% (21 million USD).

Sales of stone and gypsum products increased by 41.5% ($ 17 million) due to higher exports of glbad and its manufactured products.

Despite the 9% increase in utility sales, shipments of land transport equipment decreased by 7% (197 million USD).

Fuel sales increased by 14.5% ($ 106 million), driven by an 88% ($ 80 million) increase in fuel oil exports.